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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCitroën Brand CEO: India could be 'absolutely perfect' for electric vehiclesThierry Koskas, the CEO of Citroën Brand, speaks to CNBC's Charlotte Reed.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrench President Macron enacts pension overhaul despite weeks of protests and strikesFrench President Emmanuel Macron enacts a pension overhaul after France's Constitutional Council validated the draft law on Friday. CNBC's Charlotte Reed reports.
Elon Musk Twitter account seen on Mobile with Elon Musk in the background on screen, seen in this photo illustration. Elon Musk says that Twitter is close to becoming cash-flow positive after making sharp layoffs and working to lure advertisers back to the platform. "I'd say we're roughly breakeven at this point," Musk said Wednesday, during a live interview with the BBC recorded on Twitter Spaces. Musk said that Twitter will start removing blue checks from accounts without a subscription to the company's paid Twitter Blue service next week. Musk purchased Twitter for $44 billion in late October after a drawn-out legal battle with the company.
More needs to be done to get women into management roles in finance, according to Santander Executive Chair Ana Botin. The finance industry is not quick enough at getting women into management positions, according to Santander's Executive Chair Ana Botin. "They're getting better, but not fast enough," Botin said in an interview with CNBC's Charlotte Reed last week. Botin said there are steps that financial institutions can take to ensure that women can secure top roles in the sector. The process of rotating roles around more often means that women can get the flexibility of experience they need to get to the top, she said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Santander Executive Chair Ana BotinAna Botin, the executive chair at Santander, speaks to CNBC's Charlotte Reed after the bank lifted its profitability goal on Tueasday.
Air France-KLM said on Friday its 2023 bookings were almost back to pre-pandemic levels as it reported a better-than expected fourth-quarter operating profit with global travel demand seeing a rebound. The airline's shares rose more than 6% in early trade, hitting their highest since June and outperforming the broader weak stock market. The carrier reported its highest fourth-quarter revenue at 7.1 billion euros ($7.55 billion), up almost 50% year-on-year. Operating profit fell 45% to 134 million euros on the back of higher costs including fuel, but it beat estimates. He added that the premium leisure market had "exploded" and was filling business class, first class and premium economy cabins, bridging the gap left by a lag in the return of business travel.
U.S. demand boosts L'Oreal fourth-quarter sales, China weighs
  + stars: | 2023-02-10 | by ( ) www.cnbc.com   time to read: +1 min
L'Oreal posted 8.1% sales growth in the fourth quarter, a touch slower than in the previous three months, with firm demand in the United States and Europe helping to offset the dent from coronavirus disruptions in China. The cosmetics company, which sells Maybelline mascara and CeraVe skincare, recorded sales for the last three month of 2022 of 10.3 billion euros ($11.1 billion), in line with analyst expectations, according to Refinitiv data. The 8.1% growth rate for the three months to end-December compared with a 9.1% increase in sales in the third quarter. Overall revenues were boosted by 9.4% like-for-like growth in the United States and 8.1% growth in Europe, although the company said it saw a "drastic slowdown" in China in the second half of the year. L'Oreal grew faster than the market average across all its regions, Chief Executive Nicolas Hieronimus told CNBC's Charlotte Reed in Paris, with Europe proving a "pleasant surprise."
Ubisoft shares plunge after firm cuts full-year revenue forecast
  + stars: | 2023-01-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUbisoft shares plunge after firm cuts full-year revenue forecastCNBC's Charlotte Reed reports on Ubisoft's share price action Thursday. The French video game maker saw its shares tumble 21% after slashing its net bookings guidance for 2022.
The Twitter logo is seen on an iPhone mobile device in this illustration photo on 12 October, 2022. Ad guru Maurice Levy said Friday that the majority of advertisers are likely to return to Elon Musk's overhauled Twitter — on the proviso that a few fundamental conditions are met. Describing the platform as being at a crossroads of "complete freedom" — which could result either in chaos or better oversight — Levy told CNBC that most advertisers are currently in "wait and see" mode to determine Musk's ultimate position. "It is an area of complete freedom, which can lead to chaos. Musk acquired Twitter for $44 billion in late October following a drawn out legal battle with the company, and has since sought to radically overhaul the platform, including its content moderation policies.
The tie-up with Geely comes as Renault fleshes out plans to establish an EV spin-off called Ampere. According to Renault, France-based Ampere "will develop, manufacture, and sell full EV passenger cars." This was because, Pieton argued, it created "a world-leading supplier of ICE and hybrid powertrains with around 19,000 employees in the world, covering 130 countries." "Manufacturers need to be flexible in their powertrain offerings according to market needs — which differ across the world." The U.K., for example, wants to stop the sale of new diesel and gasoline cars and vans by 2030.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRenault in open talks about alliance with Nissan and Mitsubishi, CFO saysRenault Chief Financial Officer Thierry Pieton speaks with CNBC's Charlotte Reed at the French automaker's capital markets day.
The CEO of Stellantis told CNBC Monday that the company would use its own sites to generate half the energy it needs for manufacturing by the middle of this decade. According to Stellantis, the Jeep Avenger's "targeted electric range" is 400 kilometers, or a little under 249 miles. Stellantis wants all passenger sales in Europe to be battery electric by the year 2030. Stellantis' electric vehicle plans put it in competition with firms such as Elon Musk's Tesla as well as companies like Volkswagen , Ford , and GM . According to the International Energy Agency, electric vehicle sales are on course to hit an all-time high this year.
LVMH's Antoine Arnault: Big opportunity of growth in U.S. market
  + stars: | 2022-10-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLVMH's Antoine Arnault: Big opportunity of growth in U.S. marketChairman of Loro Piana, CEO of Berluti and Director of Communications at LVMH, Antoine Arnault speaks to CNBC's Charlotte Reed from LVMH's annual Journées Particulières event which opens the conglomerate's brand atelier doors to the public worldwide.
Citroen said the oli's top speed had been limited to 68 miles per hour. Citroen also said that the restriction of the oli's speed to a maximum of 68 mph had been done to "maximise efficiency." "I'm not even talking about regulation, I'm talking mostly about societal expectations," he added. "One thing is, for the last 10 years, we've seen an increase in electric vehicle performance," he said. According to data released this week, electric car drivers in the U.K. have seen the cost of using a public, "rapid" charger on a pay-as-you-go tariff rise by 42% since May.
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